Cumberland Partners Ltd Sells 25,285 Shares of Howmet Aerospace Inc. (NYSE:HWM)

by · The Cerbat Gem

Cumberland Partners Ltd lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 25.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,020 shares of the company’s stock after selling 25,285 shares during the quarter. Cumberland Partners Ltd’s holdings in Howmet Aerospace were worth $7,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC acquired a new position in Howmet Aerospace in the third quarter worth about $201,000. Arcus Capital Partners LLC acquired a new stake in Howmet Aerospace in the 3rd quarter valued at $304,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Howmet Aerospace by 6.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,493 shares of the company’s stock worth $96,089,000 after acquiring an additional 55,118 shares in the last quarter. Entropy Technologies LP acquired a new position in Howmet Aerospace during the third quarter worth $1,545,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 25.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,447 shares of the company’s stock valued at $646,000 after purchasing an additional 1,289 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Down 0.1 %

Howmet Aerospace stock traded down $0.11 during mid-day trading on Tuesday, hitting $114.57. 80,786 shares of the company’s stock were exchanged, compared to its average volume of 2,933,230. Howmet Aerospace Inc. has a fifty-two week low of $49.36 and a fifty-two week high of $115.98. The company’s 50 day simple moving average is $100.74 and its 200-day simple moving average is $89.97. The firm has a market capitalization of $46.76 billion, a P/E ratio of 43.77, a PEG ratio of 1.60 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.19.

Read Our Latest Stock Analysis on Howmet Aerospace

Howmet Aerospace Profile

(Free Report)

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

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